Tax Credit for Scholarship Donations (OCEN SGO)
USE YOUR TAXES TO HELP STUDENTS ATTEND MADISON CHRISTIAN!
When you donate to the Ohio Christian Education Network Scholarship Granting Organization (OCEN SGO) for MCS student scholarships, Ohio gives you a dollar-for-dollar credit toward what you owe in taxes (up to $750 per taxpayer).
Donations given prior to filing your 2023 taxes on April 15, 2024 can be claimed for the 2023 tax year.
HOW IT WORKS (FAQs):
How does the tax credit work?
Can my spouse and I receive separate tax credits if we joint file our taxes?
How much do I owe in state tax?
For taxable years beginning in 2023:
Ohio Taxable Income | Tax Calculation |
$0-$26,050 | 0.000% |
$26,051 – $100,000 | $360.69 + 2.75% of excess over $26,050 |
$100,000 – $115,300 | $2,394.32 + 3.688% of excess over $100,000 |
more than $115,300 | $2,958.58 + 3.750% of excess over $115,300 |
Source: https://tax.ohio.gov/individual/resources/annual-tax-rates
When is the donation deadline?
For 2024:
Donation Date | School Year | Tax Year |
By April 15, 2024 | 2024-2025 Scholarships | 2023 |
April 16 - July 15, 2024 | 2024-2025 Scholarships | 2024 |
After July 15, 2024 | 2025-2026 Scholarships | 2024 |
HOW TO CONTRIBUTE:
HOW TO APPLY FOR SCHOLARSHIPS:
The deadline to apply for scholarships for the 2024-2025 school year is March 31, 2024.
MCS students should visit ohiocen.org/apply to apply for these scholarships. Students with a demonstrated financial need are prioritized. Learn more about applying.
Thank you for partnering with Madison Christian School. If you have any questions, please contact our Administrative Office at 614-497-3456.